Walgreens Plans To List Walgreens Boots Alliance Shares On Nasdaq

(RTTNews) - Drugstore chain Walgreen Co. (WAG) said Friday that it plans to apply to list the shares of Walgreens Boots Alliance, Inc. common stock on The Nasdaq Stock Market LLC under the ticker symbol "WBA" following the closing of the reorganization of Walgreens into a holding company structure pursuant to a merger of a wholly owned subsidiary of Walgreens with and into Walgreens, in which issued and outstanding shares of Walgreens common stock, par value $0.078125 per share, will be converted automatically into the right to receive shares of Walgreens Boots Alliance common stock, par value $0.01 per share, on a one-for-one basis, and the acquisition of the remaining 55% of Alliance Boots GmbH that it does not currently own.

Walgreens also said that it has notified the New York Stock Exchange and the Chicago Stock Exchange of its intention to voluntarily withdraw its common stock from listing on both the NYSE and the CHX and from registration under Section 12(b) of the Securities Exchange Act of 1934, as amended in respect of such exchanges upon the closing of the reorganization merger.

Walgreens said its decision to withdraw its common stock from listing on the NYSE and the CHX and from registration under the Exchange Act in respect of such exchanges and to list shares of Walgreens Boots Alliance common stock solely on The Nasdaq Stock Market LLC was to reduce the administrative costs and burdens associated with maintaining the listing on multiple national securities exchanges.